This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Spain from 2013 to 2023. In 2023, agriculture contributed around 2.5 percent to the GDP of Spain, 20.12 percent came from the industry and 68.66 percent from the service sector.

The Gross Domestic Product (GDP) in Spain expanded 0.60 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Spain GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the energy, water and waste management sector garnered approximately 356.8 billion euros through the 500 non-financial companies in Spain with the largest net profit. Among the 500 largest corporations, those working on retail trade and automotive activities had a turnover of approximately 139.4 and 109.5 billion euros, respectively.

This statistic shows the gross domestic product (GDP) per capita in Spain from 1987 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2024, the GDP per capita in Spain was around 35,091.65 U.S. dollars. Spain's struggling economy The Spanish economy is essential for the global market, as it remains one of the largest economies in the world as well as within Europe. The aftermath of the global financial crisis and the Eurozone crisis resulted in an economic collapse, which has yet to be completely resolved by the Spanish government. While unemployment has always been a general weakness for Spain, the occurrence of recent economic disasters has fueled the struggles in the country’s job market, resulting in a decade high unemployment rate. During the prime of both crises, not only millions of workers were laid off, but government spending also reached a new high, considerably exceeding national revenues earned. This not only resulted in further layoffs in the following years, but also burdened the country with almost double the amount of debt. Prior to the crisis, the public already assumed that the Spanish economy would decline, however the public opinion of the situation became conclusive post 2009. The lack of consumer confidence is only further damaging the Spanish economy, as investors have already pulled much capital from the troubled nation and are hesitant to reinvest their money.

Full Year GDP Growth in Spain increased to 3.20 percent in 2024 from 2.70 percent in 2023. This dataset includes a chart with historical data for Spain Full Year GDP Growth.

Key information about Spain Real GDP Growth

• The Gross Domestic Product (GDP) in Spain expanded 2.7 % YoY in Dec 2022, following a growth of 4.8 % in the previous quarter.
• Real GDP Growth YoY data in Spain is updated quarterly, available from Mar 1996 to Dec 2022, with an average rate of 2.9 %.
• The data reached an all-time high of 17.9 % in Jun 2021 and a record low of -21.9 % in Jun 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP Index. The National Statistics Institute provides Real GDP Index at chain linked 2015 prices.


Related information about Spain Real GDP Growth

• In the latest reports, Nominal GDP of Spain reached 352.1 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.2 % in Dec 2022.
• GDP Per Capita in Spain reached 27,002.6 USD in Dec 2020.
• Its Gross Savings Rate was measured at 21.3 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 22.0 % in Dec 2022.
• Public Consumption accounted for 22.1 % in Dec 2022.
• Private Consumption accounted for 53.1 % in Dec 2022.

In 2022, the Spanish financial and insurance sector accounted for almost four percent of the GDP of Spain. In that year, this sector accounted for approximately 3.9 percent of the nation's GDP, down from 4.1 percent two years earlier.

Spain ES: SAN: Net Fees and Commissions data was reported at 5,889,000.000 EUR th in Jun 2018. This records an increase from the previous number of 2,955,000.000 EUR th for Mar 2018. Spain ES: SAN: Net Fees and Commissions data is updated quarterly, averaging 5,190,000.000 EUR th from Dec 2004 (Median) to Jun 2018, with 55 observations. The data reached an all-time high of 11,308,000.000 EUR th in Dec 2017 and a record low of 1,416,000.000 EUR th in Mar 2005. Spain ES: SAN: Net Fees and Commissions data remains active status in CEIC and is reported by Banco Santander S.A.. The data is categorized under World Trend Plus’s Top Company: Banking: Non-Asia – Table RC.NA002: Banco Santander S.A. (SAN): Financial Data Breakdowns: Income Statement.

Spain ES: GDP: USD data was reported at 1,311.320 USD bn in 2017. This records an increase from the previous number of 1,237.255 USD bn for 2016. Spain ES: GDP: USD data is updated yearly, averaging 394.385 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,635.015 USD bn in 2008 and a record low of 12.072 USD bn in 1960. Spain ES: GDP: USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank.WDI: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Spain: GDP per hour worked, index relative to the U.S.: The latest value from 2022 is 75.2 index points, an increase from 73.16 index points in 2021. In comparison, the world average is 81.93 index points, based on data from 37 countries. Historically, the average for Spain from 1970 to 2022 is 71.76 index points. The minimum value, 50.5 index points, was reached in 1970 while the maximum of 80.71 index points was recorded in 1995.

Spain ES: GDP: % of Manufacturing: Food, Beverages and Tobacco data was reported at 20.332 % in 2014. This records a decrease from the previous number of 20.722 % for 2013. Spain ES: GDP: % of Manufacturing: Food, Beverages and Tobacco data is updated yearly, averaging 15.713 % from Dec 1963 (Median) to 2014, with 52 observations. The data reached an all-time high of 20.722 % in 2013 and a record low of 11.429 % in 1973. Spain ES: GDP: % of Manufacturing: Food, Beverages and Tobacco data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Food, beverages, and tobacco correspond to ISIC divisions 15 and 16.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;

Key information about Spain External Debt: Short Term: % of GDP

• Spain External Debt: Short Term accounted for 64.4 % of the country's Nominal GDP in 2023, compared with the ratio of 73.4 % in the previous year.
• Spain External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2000 to 2023.
• The data reached an all-time high of 76.4 % in 2020 and a record low of 24.8 % in 2001.

CEIC calculates Short Term External Debt as % of Nominal GDP from quarterly Short Term External Debt and annual Nominal GDP. Short Term External Debt is calculated as the sum of Short Term External Debt breakdowns for General Government, Other MFIs, Banco de España and Other Resident Sectors. Banco de España provides Short Term External Debt in EUR based on BPM6 and Nominal GDP in EUR based on ESA 2010. Short Term External Debt as % of Nominal GDP prior to 2002 is calculated from Short Term External Debt based on BPM5 and Nominal GDP based on ESA 1995.


Related information about Spain External Debt: Short Term: % of GDP

• In the latest reports of Spain, Current Account recorded a surplus of 6.2 USD bn in Aug 2024.
• Foreign Direct Investment (FDI) fell by 1.2 USD bn in Apr 2023.
• Spain Direct Investment Abroad expanded by 2.4 USD bn in Aug 2024.
• Its Foreign Portfolio Investment increased by 8.0 USD bn in Jun 2024.
• Spain External Debt: Short Term value stood at 1,026.7 USD bn in Dec 2023.
• The country's Nominal GDP was reported at 378.4 USD bn in Mar 2023.

Spain recorded a Government Budget deficit equal to 3.60 percent of the country's Gross Domestic Product in 2023. This dataset provides the latest reported value for - Spain Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Spain Economic Activity Index: 2010=100: swda: YoY: Disposition of Equipment Goods data was reported at 6.374 % in May 2018. This records a decrease from the previous number of 9.502 % for Apr 2018. Spain Economic Activity Index: 2010=100: swda: YoY: Disposition of Equipment Goods data is updated monthly, averaging 0.646 % from Jan 2006 (Median) to May 2018, with 149 observations. The data reached an all-time high of 20.347 % in Nov 2006 and a record low of -20.541 % in Jun 2009. Spain Economic Activity Index: 2010=100: swda: YoY: Disposition of Equipment Goods data remains active status in CEIC and is reported by Ministry of Economy and Competitiveness. The data is categorized under Global Database’s Spain – Table ES.A074: Economic Activity Index: Disposition of Goods.

Government spending in Spain was last recorded at 45.4 percent of GDP in 2024 . This dataset provides the latest reported value for - Spain Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Spending in Spain increased to 79614 EUR Million in the first quarter of 2025 from 78590 EUR Million in the fourth quarter of 2024. This dataset provides - Spain Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Spain ES: SAN: Deposits due to Bank and OFIs by Maturity: 3 to 5 Years data was reported at 27,812,000.000 EUR th in 2017. This records an increase from the previous number of 26,482,000.000 EUR th for 2016. Spain ES: SAN: Deposits due to Bank and OFIs by Maturity: 3 to 5 Years data is updated yearly, averaging 7,837,000.000 EUR th from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 39,607,000.000 EUR th in 2011 and a record low of 2,442,000.000 EUR th in 2006. Spain ES: SAN: Deposits due to Bank and OFIs by Maturity: 3 to 5 Years data remains active status in CEIC and is reported by Banco Santander S.A.. The data is categorized under World Trend Plus’s Top Company: Banking: Non-Asia – Table RC.NA004: Banco Santander S.A. (SAN): Financial Data Breakdowns: Liabilities.

The tertiary sector was the one that had the greatest impact on GDP in all autonomous communities in 2022, with percentages that ranged between a minimum of 39.8 percent in La Rioja to 64.4 percent in Melilla. The regions where the primary sector had its largest share were Castile - La Mancha, Extremadura and Andalusia.

Key information about Spain Private Consumption: % of GDP

• Spain Private Consumption accounted for 54.5 % of its Nominal GDP in Dec 2024, compared with a ratio of 56.2 % in the previous quarter.
• Spain Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1980 to Dec 2024, with an average share of 58.9 %.
• The data reached an all-time high of 68.6 % in Sep 1981 and a record low of 53.3 % in Jun 2020.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. National Statistics Institute provides Private Consumption Expenditure in EUR and Nominal GDP in EUR, based on ESA 2010. Private Consumption as % of Nominal GDP prior to Q1 1995 is based on ESA 1995 with benchmark year 1995.


Related information about Spain Private Consumption: % of GDP

• In the latest reports, Spain GDP expanded 4.2 % YoY in Mar 2023.
• Its Nominal GDP reached 378.4 USD bn in Mar 2023.
• Spain GDP Per Capita reached 30,157.4 USD in Dec 2021.
• Its Gross Savings Rate was measured at 23.7 % in Sep 2024.

Spain Economic Activity Index: 2005=100: swda: YoY: Disposition of Equipment Goods data was reported at 12.721 % in Sep 2013. This records an increase from the previous number of -11.039 % for Aug 2013. Spain Economic Activity Index: 2005=100: swda: YoY: Disposition of Equipment Goods data is updated monthly, averaging -5.392 % from Jan 2001 (Median) to Sep 2013, with 153 observations. The data reached an all-time high of 29.666 % in Jul 2004 and a record low of -41.460 % in Oct 2008. Spain Economic Activity Index: 2005=100: swda: YoY: Disposition of Equipment Goods data remains active status in CEIC and is reported by Ministry of Economy and Competitiveness. The data is categorized under Global Database’s Spain – Table ES.A074: Economic Activity Index: Disposition of Goods.